EOG Resources Q3 Earnings Beat on Oil Equivalent Production Hike

EOG Resources, Inc. (EOG) reported third-quarter 2024 adjusted earnings per share of $2.89, which beat the Zacks Consensus Estimate of$2.73. However, earnings decreased from the year-ago quarter's $3.44. Total quarterly revenues of$5.96 billion missed the Zacks Consensus Estimate of $6.03 billion. The top line declined from$6.21 billion in the prior-year quarter. Better-than-expected quarterly earnings were driven by higher oil-equivalent production volumes, offset partially by decreased realizations of ...